Global Payments Stock (GPN) Jumps on a $1.1B Deal

Global Payments (GPN) stock jumped on Wednesday after the payment technology and software solutions company announced plans to divest its payroll business. This will see it sell its payroll division to financial technology firm Acrisure for $1.1 billion.

As part of its agreement with Acrisure, Global Payments entered into a mutual referral agreement and long-term commercial partnership with the fintech company. This will enable it to provide fully integrated human capital management and payroll offerings to the firm’s merchant customers.

Global Payments expects the deal with Acrisure to close in the second half of 2025. When it does, the company will use net proceeds from the payroll business sale to return capital to shareholders while maintaining leverage neutrality.

What’s Behind Global Payments’ Payroll Sale?

Global Payments decided to sell its payroll business as it undergoes a transformation to become a pure play commerce solutions provider. This transformation plan also includes the sale of its Issuer Solutions business, acquisition of Worldpay, and the sale of AdvancedMD.

Global Payments CEO Cameron Bready said today’s deal “allows us to amplify investment in the markets and solutions where we are most differentiated, while also positioning the payroll business to benefit from greater scale and investment moving forward.”

GPN stock jumped 1.39% in Wednesday’s pre-market trading, following a 2.24% rally yesterday. However, the company’s shares are still down 32.22% year-to-date.

Is GPN Stock a Buy, Sell, or Hold?

Turning to Wall Street, the analysts’ consensus rating for Global Payments Moderate Buy, based on seven Buy, 15 Hold, and one Sell ratings over the last three months. With that comes an average GPN stock price target of $91.79, representing a potential 21.17% upside for the shares.

See more GPN stock analyst ratings